Common use of Maintenance, Repair, Rebuilding and Restoration Clause in Contracts

Maintenance, Repair, Rebuilding and Restoration. The Association has the general powers and duties that are stated in this Agreement. Without further direction or approval from the Owners, the Association must maintain and repair each Cottage, the Association Property, and keep them in a neat and attractive condition, including: (a) cleaning and getting each Cottage ready for the next Occupant, doing routine and special maintenance and repair to each Cottage during the Service Periods; (b) replacing by lease or purchase as the Board may decide the Association Property including the Common Furnishings; (c) making capital improvements for which a Capital Reserve Account has been set up; and (d) restoring the Association Property or any portion thereof if necessary. All available Proceeds from insurance or an Expropriation must be used for this purpose. The Board will decide exactly when and how these things will be done. However, notwithstanding anything herein contained to the contrary, the Board must immediately repair or replace things that are damaged or destroyed (other than by ordinary wear and tear). The Association will provide mandatory maid service to the Occupants immediately following their Use Period, as determined by the Board. This service will be provided to each Occupant and is included in the Annual Fee. The Association also may (but unless provided for in any approved Budget is not required to) make changes, additions, capital replacements and other improvements (“Improvement(s)”) to the Property beyond needed maintenance and repair as determined by the Board. However, if any Improvement is not provided for in an approved Budget and the Board reasonably estimates that the cost thereof would exceed TWENTY-FIVE THOUSAND ($25,000.00) DOLLARS then the Association must first hold a meeting at which the Improvement is considered. The Association may not make the Improvement unless the Owners of more than fifty (50%) percent of the Intervals represented at the meeting vote for the Improvement. If there are not enough funds on hand to pay for any authorized work, the Board may assess a Special Charge to the Owners.